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Brent settles at $88.52, up 6% on the week, after new tanker attacks

Mountain Time
Local time
6:15 PM in New York
Where
Global oil markets

Brent crude settled at $88.52 a barrel on Friday, up $1.45, and WTI at $82.40, up $1.15, leaving the benchmarks about 6 percent and 5.4 percent higher on the week after new attacks on tankers and no progress toward a peace deal.

Why it matters

An analyst told Reuters a 'day of reckoning' could come if traffic through Hormuz, which normally carries about a fifth of global oil, stays this low.

Sources (3)

Confidence: Corroborated by independent sources or direct evidence. About confidence labels

Correction

  • Corrected the time from 11:30 AM New York time, Aug 14, 2026 to 6:15 PM New York time, Aug 14, 2026; corrected the headline (it read "Brent Holds Near $87, WTI Near $81 as Hormuz Reopening Talks Stall"); revised the summary; revised the context note; changed the confidence label from reported to confirmed; reclassified it from energy to energy-markets; updated the sourcing note; added 2 sources: Al Jazeera. Why and evidence